Final answer:
The amount by which the issuing price of a stock exceeds the par value is called the premium or share premium.
Step-by-step explanation:
The amount by which the issuing price of a stock exceeds the par value is called the premium or share premium.
For example, if a company issues a stock with a par value of $10 and it is sold for $15 per share, the premium on the stock is $5.
The premium represents the additional value that investors are willing to pay for a share of the company's stock over and above its par value.